Registering property in Egypt

[dave99]

Originally Posted by Peter Mitry

Because the ERC is never going to be the final purchaser they do not register the land. They of course have receipts for the purchase and they know the history of the ownership (the land was owned by the government). ERC then sell the land in plots to the Developers, who equally understand that there are unlikely to be any title issues, so again, their purchase is not registered.
The first actual registration of the finished property will by the owner of each property and the title will be freehold. I hope this explains the procedure in Sahl Hasheesh. It may not be so clear cut if land is being purchased from individuals rather than from the government.

This may explain why Resort Alliance would not provide me with evidence of land ownership, in that the have no proof via the land registry, regardless of where they say they bought the land. This is how it all starts off with the Egyptians. I suspect the land will never get registered by anyone.
Do you know if Resort Alliance are now giving copies of ANY legal sale documents to prospective, or actual purchasers for the completed development, if not it will make those apartments virtually unsaleable without the title history.

[Peter Mitry]

I thought that I had explained this; ERC purchased the land from the government and have receipts for their purchase. Similarly, the Developers of each plot within the Masterplan have receipts for their purchase. Every individual owner who has completed their purchase and paid all of the money can now go to the Notary in Hurghada, with the Developer, and register their purchase for around 200 GBP (2000 Egyptian). Where is the confusion?

[dave99]

Originally Posted by Peter Mitry

I thought that I had explained this; ERC purchased the land from the government and have receipts for their purchase. Similarly, the Developers of each plot within the Masterplan have receipts for their purchase. Every individual owner who has completed their purchase and paid all of the money can now go to the Notary in Hurghada, with the Developer, and register their purchase for around 200 GBP (2000 Egyptian). Where is the confusion?

No confusion, it's a simple question about what is given to the buyers, and has it happened yet.

[tracylove]

Originally Posted by Peter Mitry

I thought that I had explained this; ERC purchased the land from the government and have receipts for their purchase. Similarly, the Developers of each plot within the Masterplan have receipts for their purchase. Every individual owner who has completed their purchase and paid all of the money can now go to the Notary in Hurghada, with the Developer, and register their purchase for around 200 GBP (2000 Egyptian). Where is the confusion?

Hi you seem to know a lot about buying property in egypt. pehaps you can give me some advise. We are considering buying an apartment in marsa alam any advice in the first instace would be very useful. thanks

[propertastic]

Does anyone know what the situation is with regards to buying property via an Egyptian company?

Would this make it possible to purchase property in Sharm el-Sheikh on a freehold basis?

Would this make it possible to be able to sell within the five year time frame?

Does it make a difference if shareholders in such a company are foreigners or Egyptian citizens?

[The Smart Money]

I have been reliably informed about an issue with registration of properties in Sahl, in that only option 3 below is currently available and recognised unlike Hurghada were all methods are available:

1) Green Contract - Highest legally recognised level (similar to UK's land registry) - NOT AVAILABLE IN SAHL - why not?

2) Register in Court - Medium level - NOT AVAILABLE IN SAHL - why not?

3) Signature Validity - Lowest form of protection - AVAILABLE IN SAHL

Can anybody shed any light on this issue? we all need some transparency about this I feel.

Does everybody really have 100% confidence in the legality and protection of the 3rd option?

I alongwith many on here im sure do not want to be left high and dry like those 'suppoosed owners' in Spain with their 'so' called protected property

[queenie40something]

Hi - I havent heard of the 1st one. Mine is different because I am buying in Sharm. You could try copy and pasting your post into the legal thread and see if Zeiad will answer when he is online. He is really busy though but that thread Im sure will send him an email to let him know there has been a post in the thread.

Maybe some others can help you as well.

Regards

Alison x

[The Smart Money]

Originally Posted by queenie40something

Hi - I havent heard of the 1st one. Mine is different because I am buying in Sharm. You could try copy and pasting your post into the legal thread and see if Zeiad will answer when he is online. He is really busy though but that thread Im sure will send him an email to let him know there has been a post in the thread.

Maybe some others can help you as well.

Regards

Alison x

Ok thanks for your input Alison, anybody else?

[johnwayne]

hi - I googled ' property green contract egypt' - and low and behold a posting on this website came up. Apparently the green contract is the Sales contract - as opposed to the sales agreement - hope that help? - unlessI have misread it?

[distant dreamer]

Hi

It may be something to do with the development not being finished. We own in El Gouna and most of the properties are not registered and I was told this is because the entire development is not complete yet. However, some owners are currently in discussions with the developers and I believe things are starting to happen with regard to this.

Also, I think I'm right in saying, you must bear in mind that if the property is fully registered it can cause certain problems i.e. you can only own 2 properties, you can't resell for 5 years and I'm not sure if you can rent your property out. So the third option may be best for investors.

Regards

Penny